Campbell & CO Investment Adviser LLC Lowers Stock Position in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Campbell & CO Investment Adviser LLC trimmed its holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 14.8% during the third quarter, HoldingsChannel.com reports. The fund owned 31,100 shares of the bank’s stock after selling 5,400 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Capital Research Global Investors purchased a new position in Deutsche Bank Aktiengesellschaft during the 1st quarter worth $519,094,000. The Manufacturers Life Insurance Company increased its position in Deutsche Bank Aktiengesellschaft by 316.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 4,623,672 shares of the bank’s stock valued at $29,684,000 after acquiring an additional 3,514,443 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd acquired a new position in Deutsche Bank Aktiengesellschaft in the 2nd quarter valued at about $25,635,000. MUFG Securities EMEA plc purchased a new stake in Deutsche Bank Aktiengesellschaft during the 2nd quarter valued at approximately $14,280,000. Finally, Odey Asset Management Group Ltd lifted its position in Deutsche Bank Aktiengesellschaft by 111.4% during the 1st quarter. Odey Asset Management Group Ltd now owns 2,845,784 shares of the bank’s stock worth $18,270,000 after acquiring an additional 1,499,703 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

NYSE DB opened at $9.25 on Friday. The business has a 50 day moving average price of $9.05 and a 200 day moving average price of $8.54. The company has a market capitalization of $19.12 billion, a P/E ratio of -6.65 and a beta of 1.47. Deutsche Bank Aktiengesellschaft has a 1-year low of $4.99 and a 1-year high of $11.16. The company has a debt-to-equity ratio of 2.46, a current ratio of 0.76 and a quick ratio of 0.76.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its earnings results on Wednesday, July 29th. The bank reported ($0.15) earnings per share for the quarter. Deutsche Bank Aktiengesellschaft had a negative net margin of 7.49% and a negative return on equity of 3.77%. The firm had revenue of $6.98 billion during the quarter. On average, research analysts expect that Deutsche Bank Aktiengesellschaft will post 0.03 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on DB shares. Morgan Stanley restated an “underweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, July 30th. Kepler Capital Markets reaffirmed a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, October 8th. Royal Bank of Canada reissued a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, September 4th. Societe Generale raised Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a report on Thursday, October 1st. Finally, DZ Bank reissued a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Tuesday, September 22nd. Seven analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. The company presently has an average rating of “Hold” and an average price target of $7.00.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. Its Corporate Bank segment provides cash management, trade finance and lending, trust and agency, and securities services.

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Want to see what other hedge funds are holding DB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deutsche Bank Aktiengesellschaft (NYSE:DB).

Institutional Ownership by Quarter for Deutsche Bank Aktiengesellschaft (NYSE:DB)

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